M Holdings Securities Inc. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 32.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,313 shares of the credit services provider’s stock after purchasing an additional 11,046 shares during the period. M Holdings Securities Inc.’s holdings in PayPal were worth $3,355,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in PayPal during the 2nd quarter worth approximately $921,570,000. Nuveen LLC acquired a new position in PayPal during the 1st quarter worth $529,264,000. Goldman Sachs Group Inc. grew its holdings in PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock worth $558,499,000 after acquiring an additional 2,638,815 shares in the last quarter. Deutsche Bank AG increased its position in shares of PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock worth $733,294,000 after purchasing an additional 1,798,330 shares during the last quarter. Finally, Invesco Ltd. grew its stake in PayPal by 14.9% in the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock worth $620,924,000 after purchasing an additional 1,232,155 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.
PayPal Stock Up 0.8%
NASDAQ PYPL opened at $61.73 on Friday. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a market capitalization of $57.76 billion, a P/E ratio of 12.37, a PEG ratio of 0.83 and a beta of 1.43. The company’s 50 day simple moving average is $66.70 and its 200 day simple moving average is $69.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.34.
PayPal Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 19th. PayPal’s payout ratio is 11.22%.
Wall Street Analysts Forecast Growth
PYPL has been the subject of several research reports. BNP Paribas Exane decreased their target price on PayPal from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research report on Wednesday, October 8th. Morgan Stanley restated a “negative” rating on shares of PayPal in a research report on Wednesday, October 29th. Citigroup upgraded shares of PayPal to a “hold” rating in a research report on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Fifteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average target price of $81.67.
Read Our Latest Research Report on PYPL
Insiders Place Their Bets
In other PayPal news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $68.97, for a total transaction of $264,706.86. Following the transaction, the executive vice president owned 16,989 shares of the company’s stock, valued at $1,171,731.33. The trade was a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Chris Natali sold 1,374 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $69.13, for a total transaction of $94,984.62. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,156 shares of company stock worth $2,432,524 over the last three months. Company insiders own 0.08% of the company’s stock.
PayPal Company Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Recommended Stories
- Five stocks we like better than PayPal
- Growth Stocks: What They Are, Examples and How to Invest
- Could Ross Stores Stock Hit $200 by Christmas? Here Are 3 Reasons Analysts Think So
- What is MarketRank� How to Use it
- The Trade Desk: After a 70% Plunge, This Could Be The Time to Buy
- How to start investing in penny stocks
- Tap Into 2026 AI Infrastructure Gains With This High-Growth ETF
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.
